Risk Management

Man falling off ladder

The term ‘non-financial risk’ (NFR) should be banned

James Frost makes some excellent points in ‘The rise and rise of the risk officers’, that CROs are responsible for a vast range of risks and that CROs need a much wider and diverse set of skills. There are, however, two main areas where I disagree and both are caused by the damaging term, ‘non-financial …

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Man at desk shouting down phone

Compliance needs monitoring

First published by Procurement Professional, the official magazine of CIPS Australia, June 2011 Purpose Actions by suppliers are damaging brands and reputations and more and more company directors, officers and managers are facing prosecution for supplier negligence. Why are purchasing and contract professionals not adequately protecting themselves and their organisations? Nigel Dalton-Brown shares his research …

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